If you go to the YieldMax subreddit, it's basically just a big group of people congratulating each other for their distributions amount. However when I look at the distribution, most of the time it's almost always all return of capital as NAV drops month over month. It's like people are just giving their money away to YieldMax to invest and then they celebrate as YieldMax gives them a little bit back each month. It's like an extra risky bank account.
What am I missing here?
Why do people like YieldMax?